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Knowing how many jobs you need to complete and collect for on a monthly and quarterly basis is critical to meeting the financial goals you set for the period. But how do you know on a week-by-week — or even day-by-day — basis whether your jobs are moving you toward the goal line?
Has it ever occurred to you that dropping your prices to stay in business could put you out of business? Many contractors tell me they’ve had to drop their prices to remain competitive in today’s market. They just know they’re losing jobs because the “other guy” is cheaper.
The answer, says a Maine business-systems consultant, depends on whether you like packaged reports or prefer to customize the program to match the way you do business.
Fee impact in California; where to find adjustable wall braces; decimal pitch conversion; hidden soffit vent details; more
Are you charging what your work is worth? Seven veteran builders tell how they learned to stop undercharging and get serious about turning a profit.
How to determine your company's markup
Forget material markups: This method, successfully practiced for 20 years by an Iowa remodeler, assigns overhead and profit expense to billed time on the job.
Using allowances to streamline pricing
Nailing down the budget with prospective clients
When it comes to bidding, the lowest price isn’t always best. A veteran remodeler explains five strategies that raise the odds you’ll not only get the work, but you’ll make a profit, too.
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